Social Entrepreneurship: A Pathway to Inclusive Growth and Social Change.

Abstract

Social entrepreneurship (SE) not only profit-inclined activities but also initiatives dedicated to social and Economical justice, Social innovation and influence. The concept of social entrepreneurship has emerged beyond traditional boundaries of entrepreneurship where society is the main center of interest of an organization. Social entrepreneurship (SE) has been developed by integrating economic principles the objective to address burning societal issues and become a critical force in the endorsement of positive social change. This research paper observes the theoretical, historical, and contemporary underneath of social entrepreneurship through 05 Indian case studies. The study provides literary concepts to examine the role of social entrepreneurship in tackling some burning societal issues such as poverty, inequality, livelihood and the whole empowerment of marginalized communities. The study yields an inclusive analysis of prominent social firms and impact evaluation techniques to explicate the revolutionary potential of social entrepreneurship in bringing inclusive growth and socio-economic development. The study also emphasizes the significance of creative and cooperative solutions to challenging social issues, highlights the correlation between social entrepreneurship, rural economic development, and environmental stewardship and finally the social changes. Because of its social centric nature, Social entrepreneurship is a rapidly emerging field that plays vital role in the empowerment of the poor, marginalized and vulnerable marginalized people. Social entrepreneurship is an endeavor that has been establishes to discover innovative solutions to economic and social problems prevailing in the society. It has also observed during study that venture of social entrepreneurship can be either profit or non-profit making. The social entrepreneurs may be establish in the field of rural development, women empowerment, educational development, children welfare, health care, agricultural development, farmers welfare, environment protection etc., Social entrepreneurship can provide us an egalitarian society. Social entrepreneurs are one kind of entrepreneurs who are passionate and focused towards society’s wellbeing. Their passion is not only making the profit but also conscious towards social and economic upliftment of the marginalized people. The main motive of this paper is to highlight, the social entrepreneurship as one of the best strategies through which inclusive growth of society can be achieved.  Finally we may prove that inclusive growth of society is inclined towards social change and social justice.